As a business owner, you typically control your own salary. And if you see a rise in business income, you may think it’s time to give yourself a raise. But, how do you go about giving yourself a raise? What are some signs it’s time you increase your income? Keep reading for answers.
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Income - Tips, Training, and News
What Is EBITDA? The Answer You Need to Know
Owning a business means understanding your company’s value. To calculate the value of your company, you can use a formula called EBITDA. But, what is EBITDA? What taxes are included in EBITDA? Are payroll taxes included in EBITDA? Grab your pen and paper while we answer these questions and look at what all goes into […]
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Is a Stimulus Check En Route to You? FAQs About Economic Impact Payments
If you’ve been keeping up with the news, you know that the IRS began sending out Economic Impact Payments to qualifying recipients. These stimulus checks will go out in a few rounds, so don’t panic if you aren’t included in the first send-off.
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Thinking About Accepting Payments Online? Here Are Your Options
Nowadays, everything is online. From reviews to social media to shopping, it’s no secret that the online world is taking over. In fact, U.S. e-commerce grew by 44% in 2020. With the online market growing bigger every day, you may be thinking, It’s time to start accepting payments online for my business. If you’re in […]
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What Is the Break-Even Point, and How Do You Calculate It?
Do you want your business to make a profit? Duh, of course you do! But when you’re starting out, it may take a few years before you enter profit territory. And after you start making a profit, you may be at the break-even point for a while. So, what is the break-even point?
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Can a Business Refuse Cash from Customers?
In this day and age, people are pushing cash to the side and paying with plastic. But just because plastic is dominating does not mean cash is obsolete. Many people still prefer to pay with cash. And in some cases, it can be easier to deal with cash than cards. But, can a business refuse […]
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EFT Payments: What to Know About Sending and Receiving
You constantly make payments to contractors, suppliers, vendors, and employees (if you have ‘em). It’s what you do as a business owner. Wouldn’t it be nice to skip cash and checks? Instead of using paper to pay people, you can make EFT payments.
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What Is Earned Income?
When you own or work for a business, you receive earned income. But, not all income is earned income. Both business owners and employees should understand what is earned income to determine tax liability and tax credit eligibility.
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Post-holiday Sales: 7 Tips for Giving Them a Boost
For many businesses, the hustle and bustle of holiday shopping has come to a close. You’ve probably noticed a decrease in customer sales and an increase in returns and exchanges. But fear not. This just means that it’s time to give your post-holiday sales some love.
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